Partners collaboratively finance loan to continue levee investigation

After funding the initial assessments from their budgets, PEN 1 and PEN 2 can no longer afford to continue the technical investigation of their levees. To keep the work moving forward, the project partners finance a loan through the State of Oregon’s Business Development Department’s Infrastructure Finance Authority (IFA). PEN 1, PEN 2, MCDD, the City of Portland, and Multnomah County sign an Intergovernmental Agreement to finance the $1.4 million loan.

Levee Ready Columbia is a partnership of over 20 organizations committed to a collaborative approach to floodplain management and modernizing the 27-mile levee system along the Columbia River in urban Multnomah County. We will make the most of opportunities to reduce the risk of flooding for an area critical to the region’s future while working to improve the environment and recreational value of the managed floodplain.